XRP has been struggling to break out of its descending trend and has been forming constant lower highs and lows. However, despite this, some industry experts believe that XRP has the potential to hit a target of $589.

As one of the major tokens in the crypto space, XRP is believed to have the potential to kick-start a fine upswing soon. This speculation has been fueled by the recent jump in the price of Bitcoin, which has sparked optimism among investors and led some industry giants to predict that the price of BTC will rise to $1 million in 90 days.

While some believe that this target is unrealistic, others like David Gokhstein have made a case for XRP's potential to follow in BTC's footsteps. Gokhstein argues that XRP's focus on cross-border payments makes it a promising platform, and it could explode once the CBDC hype resurfaces.

Despite this potential, the XRP price is currently trading under a notable bearish influence, and it may continue to do so for some time. It's believed that the price may drop below $0.35 or even test the lower support at $0.33 before rebounding and potentially reclaiming levels above $0.35 and even hitting $0.4 in the coming days.

What do you think about XRP's potential and the possibility of hitting a target of $589? Do you agree with the experts or do you have a different perspective? Let's discuss!